HCI Group, Inc. (NYSE:HCI) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its stake in HCI Group, Inc. (NYSE:HCI) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,607 shares of the insurance provider’s stock after selling 380 shares during the quarter. Baldwin Wealth Partners LLC MA owned approximately 0.12% of HCI Group worth $1,469,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Two Sigma Advisers LP raised its stake in HCI Group by 196.5% during the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock valued at $16,252,000 after buying an additional 100,600 shares in the last quarter. Wellington Management Group LLP raised its position in shares of HCI Group by 58.3% during the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock valued at $15,710,000 after acquiring an additional 54,050 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in HCI Group by 1,648.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock worth $6,102,000 after purchasing an additional 53,737 shares during the last quarter. Geode Capital Management LLC boosted its holdings in HCI Group by 28.7% in the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock worth $23,538,000 after purchasing an additional 48,969 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in HCI Group by 167.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider’s stock valued at $7,877,000 after purchasing an additional 46,057 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of NYSE HCI opened at $122.91 on Monday. HCI Group, Inc. has a 12-month low of $83.64 and a 12-month high of $126.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.30 billion, a PE ratio of 10.27 and a beta of 1.13. The stock has a 50 day simple moving average of $115.82 and a 200-day simple moving average of $106.96.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, November 7th. The insurance provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $175.32 million for the quarter, compared to analysts’ expectations of $192.08 million. During the same quarter in the previous year, the company earned $1.41 earnings per share. On average, equities research analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HCI shares. Compass Point reaffirmed a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Oppenheimer lifted their target price on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial reiterated a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. Finally, JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.